9.94 -0.04 (-0.40%)
After hours: 5:25PM EDT
Triple Moving Average Crossover
|Bid||9.92 x 1300|
|Ask||9.94 x 1100|
|Day's Range||9.29 - 9.98|
|52 Week Range||3.98 - 10.72|
|Beta (5Y Monthly)||0.78|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jul 30, 2020 - Aug 03, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||8.32|
Shares of mobile-gaming company Glu Mobile (NASDAQ: GLUU) spiked higher on Friday, after the company provided an unscheduled upbeat update for its current quarterly results. Today's movement for Glu Mobile stock continues an upward trend for 2020. The update especially excited investors, considering Glu Mobile didn't set expectations this high in the first quarter.
Let's look at three 'cheap' stocks trading under $20 a share that investors might want to buy as the market's reopening rally grows...
Glu Mobile Inc. (NASDAQ: GLUU) updated its recent guidance to reflect positive trends in engagement and monetization that have continued since early May.This reaffirms confidence in the company's position in the growing mobile games industry, according to KeyBanc Capital Markets.The Glu Mobile Analyst Tyler Parker maintained an Overweight rating on Glu Mobile with a $10 price target. The Glu Mobile Thesis Glu Mobile has witnessed broad-based strength across its live services portfolio, with record quarters expected from Design Home and Covet Fashion as well as positive trends in other games, Parker said in a Thursday note. (See his track record here.)Glu Mobile raised the bookings guidance for the current quarter from between $150 million and $155 million to between $162.5 million and $167.5 million.For the full year, the guidance was raised from between $490 million and $500 million to between $502.5 million to $512.5 million.The full-year guidance has been raised only to reflect the higher projections for the second quarter, the analyst said. While the company may witness a return to more normalized levels of engagement and monetization as stay-at-home restrictions ease, there seems to be upside to the implied expectations for the second half of the year, he said. Parker raised KeyBanc's adjusted EBITDA estimates for fiscal 2020 and 2021 from $53.9 million to $63.2 million and from $79.2 million to $84.2 million, respectively.GLUU Price Action Shares of Glu Mobile were trading 11.46% higher to $9.68 at the time of publication Friday. Photo by Glu Mobile via Wikimedia. Latest Ratings for GLUU DateFirmActionFromTo May 2020Morgan StanleyDowngradesOverweightEqual-Weight May 2020BenchmarkMaintainsBuy Apr 2020Stephens & Co.DowngradesEqual-WeightUnderweight View More Analyst Ratings for GLUU View the Latest Analyst Ratings See more from Benzinga * Ally Should Recover With Broader Economy, Morgan Stanley Says In Upgrade Note * KeyBanc Upgrades Qualcomm On Potential Benefit From HiSilicon Ban * BofA Raises Micron's Price Target Following Upbeat Guidance Update(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
A company's stock price is one of the many factors that go into determining its value -- and a small price doesn't always mean a small company. Many investors love small stocks because they tend to have smaller market caps and more room to grow. The first pick is Celsius Holdings (NASDAQ: CELH), a rapidly growing fitness drink producer.
Glu Mobile Inc. (NASDAQ: GLUU), a leading developer and publisher of mobile games, today provided an update on its operating and expected financial performance for the second quarter ended June 30, 2020.
One growth stock that could double your money over the next five years is the low-code software provider Appian (NASDAQ: APPN). Two other promising stocks are leaders in the growing video game industry, Take-Two Interactive (NASDAQ: TTWO) and Glu Mobile (NASDAQ: GLUU). Investors should consider buying shares of Appian.
With lockdowns yet to be lifted completely and many staying at home on fears of the coronavirus spreading, there is not much entertainment other than video games.
Glu Mobile Inc. (NASDAQ:GLUU), a leading developer and publisher of mobile games, today announced that, due to the public health impact of the coronavirus pandemic, the location of Glu’s 2020 Annual Meeting of Stockholders has been changed and will be held in a virtual meeting format only. As previously announced, the annual meeting will be held on Thursday, June 18, 2020 at 10:00 a.m. Pacific Time. To be admitted to the annual meeting, stockholders must register at https://viewproxy.com/glu/2020/ by 11:59 p.m. Pacific Time on June 16. Further information regarding this change to the location of the annual meeting can be found in the supplemental proxy materials filed by Glu with the Securities and Exchange Commission ("SEC") on May 26, 2020.
The Zacks Analyst Blog Highlights: Nintendo, Activision Blizzard, Glu Mobile, Capcom and DouYu International
Zacks.com featured highlights include: Avenue Therapeutics, Glu Mobile, Yamana Gold and Z Holdings
The logic behind the breakout strategy for stock selection is to identify stocks are trading within a narrow band.
The rapid rise in video game sales has been boosted by coronavirus-led lockdowns and technological breakthroughs.
The S&P 500 has taken a beating in 2020 in the wake of the novel coronavirus pandemic, which has stalled businesses and economies around the world. Chewy (NYSE: CHWY) and Glu Mobile (NASDAQ: GLUU) are two such companies resisting the economic downturn brought about by the novel coronavirus. While Chewy plies its trade in a lucrative niche that has a proven record of beating past recessions, Glu gives its users a way to keep themselves entertained as they stay at home.
Taiwan Semiconductor Manufacturing, Chipotle, Activision Blizzard, Glu Mobile and Zynga highlighted as Zacks Bull and Bear of the Day
If you are looking for a fast-growing stock that is still seeing plenty of opportunities on the horizon, make sure to consider Glu Mobile (GLUU).
Glu Mobile Inc. (NASDAQ: GLUU), a leading developer and publisher of mobile games, today announced that Nick Earl, President and Chief Executive Officer, and Eric R. Ludwig, Chief Operating Officer and Chief Financial Officer, are scheduled to participate in the following upcoming virtual conferences:
Glu Mobile (GLUU) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
Glu Mobile (NASDAQ: GLUU) is one such company that seems to be benefiting from the shelter-in-place orders and the lockdowns instituted across the globe to contain the COVID-19 disease. The mobile gaming specialist has delivered terrific first-quarter results, and also raised its full-year guidance. Glu Mobile's quarterly revenue increased 12% annually to $107.3 million during the first quarter that ended on March 31.
Glu Mobile Inc. (NASDAQ:GLUU) shareholders will have a reason to smile today, with the analysts making substantial...
Shares of Glu Mobile (NASDAQ: GLUU) climbed 24% in April, according to data from S&P Global Market Intelligence. Video game companies enjoyed heightened engagement in April as people sheltered at home in response to the COVID-19 pandemic, and Glu Mobile benefited from the trend. The tailwinds from heightened engagement, and market momentum, prompted big gains for leading video game companies in April; stocks in the industry have generally performed well in 2020.